NASHVILLE, Tenn. (RFD-TV) — USDA export inspections, a report that continues during the Federal government shutdown, offer an early read on demand moving downriver and to port. This week showed firmer soybeans but softer corn, wheat, and sorghum versus the prior week, with year-to-date strength in corn and wheat offset by lagging soybeans and sorghum. These flows can influence basis, barge demand, and spreads as harvest advances.
Week ended Oct. 9: corn 44.5M bu (prior 67.0M; year-ago 20.2M), soybeans 36.5M (28.8M; 70.1M), wheat 16.3M (20.1M; 14.0M), sorghum 0.82M (1.31M; 3.17M). Major lanes included Gulf corn to Mexico/East Asia, Mississippi/East Gulf soybeans to Spain, Bangladesh, Italy, Germany, the Netherlands, Pakistan, and Mexico, and Pacific Northwest wheat (HRS/SWW) to Asia, with HRW moving via the Gulf.
Marketing year to date: corn 312.6M bu (+65% yr/yr), soybeans 148.5M (-26%), wheat 391.9M (+18%), sorghum 4.8M (-71%). The mix points to comparatively stronger pull for corn and PNW wheat, while soybean momentum will depend on sustained Gulf and interior rail flows and early-season vessel lineups.
Farm-Level Takeaway: Expect comparatively firmer corn and PNW wheat basis; soybean basis hinges on continued Gulf loadings, while sorghum remains light.
January 03, 2025 10:39 AM
December 24, 2024 12:02 PM
December 19, 2024 10:17 AM
RanchHER Jessie Jarvis is a third-generation Idaho cattle rancher and an esteemed figure in the ag industry and Western world. She seamlessly balances her roles as a business owner, influencer, podcast host, public speaker, rancher, wife and mother.
December 03, 2024 11:44 AM
·
November 20, 2024 06:13 PM
November 13, 2024 04:49 PM
Golden Harvest & GHX Soy Product Manager Ryan Dunsbergen tells us what farmers can expect when it comes to new soybean varieties for the new year.
November 07, 2024 02:40 PM
RFD-TV ag legal expert Roger McEowen examines common issues facing farmers, ranchers, and rural landowners: SAF fuel, R&D credit, drones, and cleaning fencerows.
September 17, 2024 12:15 PM
·
Global food prices inched upward for the third consecutive month according to the latest FAO Food Price Index. While some Americans struggle to source their next meal, others are ordering high-priced food delivery straight to their door more than ever before.
